Hydrogenics Corporation (HYGS) Getting Somewhat Positive Media Coverage, Report Shows
News articles about Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Hydrogenics Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the energy company an impact score of 44.9614947435435 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several brokerages have recently commented on HYGS. ValuEngine upgraded Hydrogenics Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Cowen and Company set a $9.00 price target on Hydrogenics Corporation and gave the company a “hold” rating in a research note on Tuesday, July 11th. Roth Capital set a $11.00 price target on Hydrogenics Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, July 17th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Hydrogenics Corporation in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $10.00.
Hydrogenics Corporation (HYGS) remained flat at $9.00 during trading on Wednesday. 57,824 shares of the stock were exchanged. The stock’s market capitalization is $137.09 million. Hydrogenics Corporation has a 1-year low of $3.90 and a 1-year high of $11.25. The firm has a 50-day moving average of $7.92 and a 200 day moving average of $7.77.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last posted its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.30). Hydrogenics Corporation had a negative return on equity of 88.76% and a negative net margin of 39.04%. The firm had revenue of $7.49 million for the quarter, compared to analyst estimates of $9.90 million. On average, equities research analysts expect that Hydrogenics Corporation will post ($0.77) EPS for the current year.
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Hydrogenics Corporation Company Profile
Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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